Bronfman E.L. Rothschild L.P. cut its stake in Oshkosh Corp. (NYSE:OSK) by 24.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,885 shares of the company’s stock after selling 2,895 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Oshkosh Corp. were worth $498,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Oshkosh Corp. by 3.7% in the second quarter. Vanguard Group Inc. now owns 5,313,307 shares of the company’s stock valued at $253,498,000 after buying an additional 187,531 shares during the period. Aristotle Capital Management LLC increased its position in Oshkosh Corp. by 0.6% in the second quarter. Aristotle Capital Management LLC now owns 4,178,961 shares of the company’s stock valued at $199,378,000 after buying an additional 24,937 shares during the period. Dimensional Fund Advisors LP increased its position in Oshkosh Corp. by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,804,082 shares of the company’s stock valued at $133,773,000 after buying an additional 88,124 shares during the period. BlackRock Fund Advisors increased its position in Oshkosh Corp. by 5.2% in the second quarter. BlackRock Fund Advisors now owns 2,544,627 shares of the company’s stock valued at $121,404,000 after buying an additional 125,623 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Oshkosh Corp. by 18.3% in the second quarter. Thrivent Financial for Lutherans now owns 2,267,140 shares of the company’s stock valued at $108,165,000 after buying an additional 350,960 shares during the period. 95.69% of the stock is owned by institutional investors.
Shares of Oshkosh Corp. (NYSE:OSK) traded down 0.01% during midday trading on Friday, reaching $69.92. The company’s stock had a trading volume of 59,329 shares. Oshkosh Corp. has a 52 week low of $29.59 and a 52 week high of $70.00. The company has a 50 day moving average price of $57.74 and a 200-day moving average price of $52.23. The stock has a market capitalization of $5.15 billion, a PE ratio of 24.03 and a beta of 1.68.
Oshkosh Corp. (NYSE:OSK) last posted its earnings results on Tuesday, November 1st. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.21. Oshkosh Corp. had a return on equity of 12.31% and a net margin of 3.45%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities research analysts expect that Oshkosh Corp. will post $3.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.20%. This is a boost from Oshkosh Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, November 15th. Oshkosh Corp.’s payout ratio is presently 28.97%.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Oshkosh Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, November 16th. Bank of America Corp. downgraded Oshkosh Corp. from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Thursday, November 17th. They noted that the move was a valuation call. Deutsche Bank AG assumed coverage on Oshkosh Corp. in a research report on Tuesday, September 6th. They set a “buy” rating and a $62.00 target price on the stock. Barrington Research lifted their target price on Oshkosh Corp. from $54.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Finally, Stifel Nicolaus boosted their price objective on Oshkosh Corp. from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Oshkosh Corp. presently has an average rating of “Buy” and an average price target of $56.21.
In related news, VP R Scott Grennier sold 1,000 shares of Oshkosh Corp. stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $54.78, for a total value of $54,780.00. Following the sale, the vice president now directly owns 6,336 shares in the company, valued at approximately $347,086.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph H. Kimmitt sold 47,722 shares of Oshkosh Corp. stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $63.84, for a total value of $3,046,572.48. Following the completion of the sale, the insider now owns 64,790 shares in the company, valued at $4,136,193.60. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.
Oshkosh Corp. Company Profile
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.